Stock indices in negative territory ahead of FOMC

As the Fed decision looms at the top of the hour, the major indices are trading lower led by the NASDAQ index. The Dow is down marginally. A close lower today would snap its 12-day winning streak. The record is 13 straight days of gains. A snapshot market currently shows:

• Dow industrial average -3.28 points or -0.01% at 35435.78
• S&P index -11.87 points or -0.26% at 4555.62
• NASDAQ index -63.44 points or -0.45% at 14080.10

Microsoft is dragging down the Dow and the broader indices as it is currently trading down -$4.65% at $334.67.

• Nvidia shares are also lower by -1.2% at $451.25.
• Oracle shares are down -1.76% at $115.83.
• Netflix is down -2.06% of $418.87
• Meta will report after the close. Its shares are up $2.47 or 0.84% at $296.94
• Chipotle is also reporting after the close and its shares are down $-14.34 or -0.69% at 2078.00

Alphabet is going the other way with a $7 rise or 5.71% at $129.18 after he reported better-than-expected earnings and guidance..